Billion

Nexstar to acquire rival broadcast company Tegna in $6.2 billion deal

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Nexstar Media will acquire rival broadcast company Tegna for $6.2 billion, according to a joint announcement on Tuesday, another sign of consolidation in an already contracting TV broadcast sector. The transaction, if approved, will bring together two major players in U.S. television, expanding Nexstar’s reach in the U.S. television and local news landscape. Nexstar oversees … Read more

Hegseth defends $200 billion Iran war funding request reported by Washington Post

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Defense Secretary Pete Hegseth responded Thursday to a Washington Post report that the Pentagon will ask Congress for an additional $200 billion for the Iran war. He said that the number could change because it “takes money to kill bad guys.” CBS News congressional correspondent Caitlin Huey-Burns has more from Capitol Hill. Source link

U.S. oil producers could get $63 billion boost from high crude prices, analysis shows

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Soaring energy prices due to the Iran war could provide a massive windfall for U.S. oil companies. Rystad Energy, a market research firm, estimates that shale oil producers in the U.S. could earn an additional $63 billion in sales as prices soar past $100 a barrel.  If oil prices averaged $70 a barrel — their approximate level before … Read more

First week of Iran war cost U.S. over $11 billion, military told lawmakers

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The first week of the U.S.’ war with Iran cost around $11.3 billion, military officials told members of Congress in a briefing this week, according to sources familiar with the meeting. That figure is a low-end estimate and does not include the build-up costs of moving assets into place ahead of the operation’s start on … Read more

First 6 days of Iran war cost $11.3 billion, Pentagon tells Congress

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WASHINGTON — Defense Department officials told senators in a closed-door briefing Tuesday that they estimate the first six days of the war in Iran cost more than $11.3 billion, according to three sources familiar with the briefing. Sen. Chris Coons, D-Del., told reporters Wednesday that he believes the amount is even higher, as the current … Read more

California is holding $15 billion in unclaimed property. Other states automatically return the money.

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California is holding roughly $15 billion in unclaimed property — one of the largest totals in the country. That’s money and valuables that legally belong to California residents, businesses and nonprofits.  A CBS News California Investigates analysis found large charities and hospitals had no idea the state was holding on to tens of thousands of … Read more